Both companies are engaged in research, engineering, and business efforts in the ammonia-powered maritime space and will collaborate to accelerate the decarbonisation of global transportation. The partnership will empower both companies to bring zero-carbon ammonia-powered shipping to market rapidly, and propel hydrogen’s profile, since ammonia is recognised as an efficient hydrogen carrier.
Brooklyn-based Amogy, whose investors include Amazon’s Climate Pledge Fund, AP Ventures, SK Innovation, Saudi Aramco Energy Ventures and DCVC, has developed a proprietary ammonia-to-power technology platform to decarbonise transportation. The technology has been demonstrated successfully in an aerial drone and farming tractor, and the Amogy team is already working on scaling the platform for use in larger vehicles, including ships.
Its platform will be evaluated for use across current and future Amon Maritime initiatives, which span much of the ammonia-powered shipping value chain. Together, the companies will work to identify ways to make scalable, decarbonised power solutions accessible to the shipping industry through pilot and full-scale commercial projects.
Amon Maritime – established three years ago, focusing on ammonia-powered shipping – launched Viridis Bulk Carriers, together with Navigare Logistics and Mosvolds Rederi, two years ago, which will offer zero carbon shipping in the short sea bulk segment in Europe. Last year, in co-operation with ECONNECT Energy, it rolled out Azane Fuel Solutions, which will offer safe, cost effective, scalable ammonia bunkering terminals, delivering critical infrastructure for the adoption of ammonia as fuel.
Seonghoon Woo, CEO & Co-Founder at Amogy, said, “This partnership with Amon Maritime is a very important milestone for Amogy, as we focus our attention on demonstrating the viability of our unique ammonia-to-power system in seagoing vessels.” He added that the tie up will help deliver “game-changing ammonia power solutions” to more of the shipping industry.
André Risholm, Founder & CEO at Amon Maritime, said, “The global shipping industry recognises an urgent need for efficient and scalable solutions to decarbonise operations. In Amogy, we have identified a partner to help expedite the commercialization of ammonia power for use in these vessels.”
Globally, shipping accounts for approximately 3% of greenhouse gas emissions, and the International Maritime Organization estimates that ships release roughly 1bn MT of carbon dioxide (CO2) into the atmosphere annually. Decarbonising this hard-to-abate industry remains a challenge due to the size and operational requirements associated with global shipping.
Ammonia has emerged as a viable alternative fuel for shipping, traded on a global scale and supported by existing transportation and storage infrastructure.
As the US anticipated the announcement of which hydrogen hub proposals will receive funding from the Department of Energy’s (DOE) $8bn fund to establish regional hydrogen hubs, Amogy is attempting to make headway with its innovative approach to using ammonia within the prospected hubs.